[ActiveMining] Official Shareholder Discussion Thread [Moderated] - page 55.

LorenzoMoney

sr. member

Activity: 335

Merit: 250

DTS:

You are 100% acucrate. Ken has forgotten the people who were his friends and now sees us all as his enemies.

SO be it. I am in the process of sending the financial investigators in Missouri more than enough information to prove that Ken Slaughter lied over and over again.

If Ken Slaughter was a smart man instead of just a sleazy one, he would contact me and try to negotiate a price for my shares, since what he wrote to me earlier on, is very condemning.

I suggest EVERYONE contact the investigators. One way of the other, Ken Slaughter career as a scammer is not going to end well for him.

Quote from: drawingthesun on June 10, 2014, 08:50:32 AM

Quote from: kleinessteak on June 10, 2014, 08:48:42 AM

The speculation and posts in this thread are a joke.

Why the f*ck isn't Ken saying anything about whats going on?!

Ken is now in full "us vs them" mode where the customers and shareholders are enemies that threaten to take away Ken's right to our Bitcoin.

LorenzoMoney

sr. member

Activity: 335

Merit: 250

ZumZero,

If you really are buying ActM shares now, you are doing something very, very, very stupid.

I would be will to sell you all of my shares for .0008 a share.
You must buy all of my shares at once.

Contact me in PM if interested.

Otherwise, and I have just recently read back postings for the past week, it is clear Ken Slaughter has lied to us all since the very beginning.

Anyone who argues otherwise is just plain wrong.
The overwhelming evidence for the past year is that even if Ken Slaughter had good intention to produce miners, doing so was beyond his skill and organizational level and he soon began lying to us all.

L-M

Quote from: zumzero on June 12, 2014, 08:48:55 AM

I will have the last laugh and won't rest until I own over 20% of all shares.

You guys can all fuck off with your $2,000 rewards and SEC accounts and me, Ken and a select few sail off into the sunset to earn our fortunes in divs. I am getting PM's from shareholders who offer kind words and who inform me that they are presently increasing their ActM portfolio. Even ActM mods! Wink

Who knows, by the time you lot get your buy back rewards in a years time, some of you may even make 1btc from selling your identities to the US Gov. OMG. Wake up and smell the ashes you muppets!

ROFL!!! Grin

LorenzoMoney

sr. member

Activity: 335

Merit: 250

BG:

It is still an investigation.
Re-read the cease and desist.
The office of the financial investigator, Scott Johnson [email protected] is still looking to get copies of correspondence from Ken to investors.

The Cease and Desist order is not a final judgment. It is just the court's demand that Ken Slaughter stop trading and stop his illegal activity.

It does not give a final decision on how much should be returned or compensated to though from whom Ken Slaughter stole.

I have contacted MSD and am providng them with copies of emails in which Ken Slaughter made all sorts of promises to me. I have enough in the correspondence he wrote me to nail him to a wall.

Earlier on, when Ken Slaughter needed money, he would write long emails to people.
Luckily, I saved it all and it will all be forwarded to Mr. Johnson.

I suggest that everyone who has early correspondence and promises from Ken Slaughter contact Mr. Johnson, also.

LM

Quote from: Bargraphics on June 15, 2014, 12:41:36 AM

Quote from: arousedrhino on June 14, 2014, 10:53:09 PM

Well we all knew they were unregistered securities and then a shareholder complained to the MSD. Most if not all of us are unaccredited investors in the United States which is why the only way to sell shares to us is through unregistered securities. There are likely no profits yet and the only way for the company to attempt to stay afloat would be to pay the MSD fine and cooperate with them.

I hate the no books, no accounts, and no dividends but now that this investigation has started and become a full investigation we the shareholders are not going to get any information from Ken until its over. Really unfortunate I mean we were getting very little information as it went along but its now completely dark.

Maybe we could propose an audit, Ken seemed open to it a month or so ago, but now I bet his lawyer would advise against it given the MSD investigation.

It's no longer an investigation....

http://www.sos.mo.gov/securities/orders/

Quote

Order to Cease and Desist and Show Cause Why Restitution, Civil Penalties, and Costs Should Not Be Imposed

http://freepdfhosting.com/0d53fc3f43.pdf

Ken has been found guilty after an investigation and has been ordered a cease and desist. He now gets a chance to defend himself against all of the penalties and restitution.

Please don't sugar coat this as you may mislead "shareholders". If current "shareholders" want to stay in for whatever reason at least let them have all of the facts to do so.

There are ways to collect money from the public legally by filling out certain paperwork and getting approved, Ken tried to circumvent the system by registering in belize and making it appear that everything was kosher.

The biggest part of this that shareholders do not understand is there will never be "profit". When you lose 400+ coins on an exchange, get a "partial refund" on an NRE that doesn't produce anything, and then use all of the mining funds to pay back pre-orders that never materialized, you will always be "negative".

LorenzoMoney

sr. member

Activity: 335

Merit: 250

BG is correct: Buying an unregistered security is not illegal.
Selling an unregistered security is illegal.
The reason there are securities laws is to protect naive, stupid, or uninformed investors from losing money due to overt and covert lying by those selling shares in their companies.

We all took a risk in investing in VMC/AMC, but Ken did lie. The whole idea of having a government agency set about regulations for investment is to protect people like us from people like Ken Slaughter.

Quote from: Bargraphics on June 15, 2014, 01:38:44 PM

Quote from: arousedrhino on June 15, 2014, 12:04:04 PM

How do we know that the MSD will not come after shareholders as well?

I feel that we as shareholders were complicit in buying the shares violating the Securities Act so given my small share count I have been staying on the sidelines rather than risk a personal legal battle with the MSD. That is whats holding me back from making any calls. Do you have any thoughts about that and have you spoken to a lawyer about this? I think there are likely other shareholders in the same boat as me. My investment at the time of investing would only have been $6k in USD. The lost opportunity cost is huge but from an MSD standpoint I only lost $6k and that would barely cover any lawyer legal fees if I had to personally defend myself.

I don't believe buying unregistered securities is illegal, only selling. If it is please point me to that as I would be interested in learning about it.

You can call the MSD and not give your name or contact information but instead just talk and request information. Hell there are a ton of "free lawyer advice" lines and I'm sure one of them can answer your question.

I've currently not spoken to a lawyer about this as I'm waiting to see how the MSD handles the restitution issue.

damiano

legendary

Activity: 1246

Merit: 1000

103 days, 21 hours and 10 minutes.

Quote from: JimmyJazz on June 15, 2014, 04:07:56 PM

If there is to be a buy back it should be 0.0005 btc a share for any holding now.

Ken would need about 5000BTC @ 600 (estimate) or 3million usd :/

JimmyJazz

full member

Activity: 207

Merit: 100

If there is to be a buy back it should be 0.0005 btc a share for any holding now.

damiano

legendary

Activity: 1246

Merit: 1000

103 days, 21 hours and 10 minutes.

Quote from: NotLambchop on June 15, 2014, 02:36:12 PM

@damiano re. "who'd want to": Anyone thinking that Ken will be able to refund shareholders, even @ $.05/share, would want to. I'd check with the MSD, but the "only shareholders who bought directly from [insert IPO number here]" sounds like Ken's weird logic. All shares were issued by Ken, the fact that they have changed hands [to me] seems irrelevant.

Like you, I don't think it matter's if they were puchased from the IPO or not. Quite a few of us bought shares on the assumption that we would get back .0025BTC a share. Ken is responsible for all outstanding shares and I believe he would have to to a force buy back to at least the lower IPO price.

.05/share is just a joke

NotLambchop

sr. member

Activity: 378

Merit: 254

@damiano re. "who'd want to": Anyone thinking that Ken will be able to refund shareholders, even @ $.05/share, would want to. I'd check with the MSD, but the "only shareholders who bought directly from [insert IPO number here]" sounds like Ken's weird logic. All shares were issued by Ken, the fact that they have changed hands [to me] seems irrelevant.

damiano

legendary

Activity: 1246

Merit: 1000

103 days, 21 hours and 10 minutes.

Quote from: aquarius on June 14, 2014, 04:41:14 PM

Quote from: Bargraphics on June 14, 2014, 03:47:04 PM

Either way trading is still available so if anyone wants to dump their shares on CT they have that ability.

Or buy more, right?

(for someone to 'dump' someone else needs to buy)

Forgive me if I'm wrong but you seem awfully biased in you stated opinions.

Why would anyone want to buy more? (besides Zum)

equipoise

hero member

Activity: 794

Merit: 1000

Monero (XMR) - secure, private, untraceable

^Didn't you sold some of yours?

Edit: Could this be applied to virtual shares holders?

Quote from: Bargraphics on June 14, 2014, 03:47:04 PM

Since CT is not a decentralized exchange and Ken has control over if the shares can be sold/traded or not I believe in that regard he is not following his order from the MSD.

Those shares are not Ken's, but to the holders, who could or could not be in the US. The exchange they are traded on is in Hong Kong. So what is the jurisdiction? Could someone call MSD and ask for plain English explanation of their order and could it be applied to holders out of US?

Is someone going to create AskMSD account to collect the questions?

Edit 3:

Quote

by offering or selling unregistered

Offering? So you are not allowed to even give away your virtual shares or donate them? Those "virtual shares" are just a contract between you and Ken. This "accredited investor" thing is so outdated (just an opinion) - we all saw what those "accredited investors" did a few years ago - any fines?

Bargraphics

hero member

Activity: 518

Merit: 500

Every man is guilty of all the good he did not do.

Quote from: arousedrhino on June 15, 2014, 12:04:04 PM

How do we know that the MSD will not come after shareholders as well?

I feel that we as shareholders were complicit in buying the shares violating the Securities Act so given my small share count I have been staying on the sidelines rather than risk a personal legal battle with the MSD. That is whats holding me back from making any calls. Do you have any thoughts about that and have you spoken to a lawyer about this? I think there are likely other shareholders in the same boat as me. My investment at the time of investing would only have been $6k in USD. The lost opportunity cost is huge but from an MSD standpoint I only lost $6k and that would barely cover any lawyer legal fees if I had to personally defend myself.

I don't believe buying unregistered securities is illegal, only selling. If it is please point me to that as I would be interested in learning about it.

You can call the MSD and not give your name or contact information but instead just talk and request information. Hell there are a ton of "free lawyer advice" lines and I'm sure one of them can answer your question.

I've currently not spoken to a lawyer about this as I'm waiting to see how the MSD handles the restitution issue.

JoTheKhan

sr. member

Activity: 378

Merit: 250

Quote from: arousedrhino on June 15, 2014, 12:04:04 PM

Quote from: Bargraphics on June 15, 2014, 01:17:32 AM

Quote from: arousedrhino on June 15, 2014, 01:06:22 AM

Bar,

1. How can you do that in the United States as is? There was the crowd funding law passed but that has not been implemented yet. I am genuinely curious because the only legal way I know of is through accredited investors even if we take away the whole Belize bs. If I wanted to crowd fund a startup today as a legal US company with shareholders how would I do that?

2. If the investigation is over why do you want people to continue to call them?

They made a ruling which is just part of the investigation. Depending on how Ken reacts and the opinions they receive from shareholders the MSD will likely continue to look into the company and Ken even further, they don't just make the ruling and walk away from it hence why I am of the opinion the investigation is not over yet.

1. http://en.wikipedia.org/wiki/Private_placement - It might not be everything you want it to be but it's something for now until the crowd funding law is implemented. There's also likely a few other routes that can be taken depending on the situation.

Wow, thats very interesting, I really wish I had known about that sooner. Thanks for proving me wrong. I guess we would have needed to limit the shareholders to 35 and actually have people with financial knowledge.

http://en.wikipedia.org/wiki/Private_placement

Quote from: Bargraphics on June 15, 2014, 01:17:32 AM

2. The MSD asked shareholders to call them to provide information for when/if restitution is given (They have to know who to give it to). Now they are just figuring out how much money he owes to the state and to shareholders that want to opt out.

How do we know that the MSD will not come after shareholders as well?

I feel that we as shareholders were complicit in buying the shares violating the Securities Act so given my small share count I have been staying on the sidelines rather than risk a personal legal battle with the MSD. That is whats holding me back from making any calls. Do you have any thoughts about that and have you spoken to a lawyer about this? I think there are likely other shareholders in the same boat as me. My investment at the time of investing would only have been $6k in USD. The lost opportunity cost is huge but from an MSD standpoint I only lost $6k and that would barely cover any lawyer legal fees if I had to personally defend myself.

+1 I didn't put enough money into this investment to worry about legal issues and the costs that come along with them if the MSD points their eyes in my direction. It's not about letting Ken get away with it, but until I know I won't be hunted down I'd rather stay out of it. So definitely in help on this would be welcome.

arousedrhino

sr. member

Activity: 347

Merit: 250

Quote from: Bargraphics on June 15, 2014, 01:17:32 AM

Quote from: arousedrhino on June 15, 2014, 01:06:22 AM

Bar,

1. How can you do that in the United States as is? There was the crowd funding law passed but that has not been implemented yet. I am genuinely curious because the only legal way I know of is through accredited investors even if we take away the whole Belize bs. If I wanted to crowd fund a startup today as a legal US company with shareholders how would I do that?

2. If the investigation is over why do you want people to continue to call them?

They made a ruling which is just part of the investigation. Depending on how Ken reacts and the opinions they receive from shareholders the MSD will likely continue to look into the company and Ken even further, they don't just make the ruling and walk away from it hence why I am of the opinion the investigation is not over yet.

1. http://en.wikipedia.org/wiki/Private_placement - It might not be everything you want it to be but it's something for now until the crowd funding law is implemented. There's also likely a few other routes that can be taken depending on the situation.

Wow, thats very interesting, I really wish I had known about that sooner. Thanks for proving me wrong. I guess we would have needed to limit the shareholders to 35 and actually have people with financial knowledge.

http://en.wikipedia.org/wiki/Private_placement

Quote from: Bargraphics on June 15, 2014, 01:17:32 AM

2. The MSD asked shareholders to call them to provide information for when/if restitution is given (They have to know who to give it to). Now they are just figuring out how much money he owes to the state and to shareholders that want to opt out.

How do we know that the MSD will not come after shareholders as well?

I feel that we as shareholders were complicit in buying the shares violating the Securities Act so given my small share count I have been staying on the sidelines rather than risk a personal legal battle with the MSD. That is whats holding me back from making any calls. Do you have any thoughts about that and have you spoken to a lawyer about this? I think there are likely other shareholders in the same boat as me. My investment at the time of investing would only have been $6k in USD. The lost opportunity cost is huge but from an MSD standpoint I only lost $6k and that would barely cover any lawyer legal fees if I had to personally defend myself.

Bargraphics

hero member

Activity: 518

Merit: 500

Every man is guilty of all the good he did not do.

Quote from: arousedrhino on June 15, 2014, 01:06:22 AM

Bar,

1. How can you do that in the United States as is? There was the crowd funding law passed but that has not been implemented yet. I am genuinely curious because the only legal way I know of is through accredited investors even if we take away the whole Belize bs. If I wanted to crowd fund a startup today as a legal US company with shareholders how would I do that?

2. If the investigation is over why do you want people to continue to call them?

They made a ruling which is just part of the investigation. Depending on how Ken reacts and the opinions they receive from shareholders the MSD will likely continue to look into the company and Ken even further, they don't just make the ruling and walk away from it hence why I am of the opinion the investigation is not over yet.

1. http://en.wikipedia.org/wiki/Private_placement - It might not be everything you want it to be but it's something for now until the crowd funding law is implemented. There's also likely a few other routes that can be taken depending on the situation.

2. The MSD asked shareholders to call them to provide information for when/if restitution is given (They have to know who to give it to). Now they are just figuring out how much money he owes to the state and to shareholders that want to opt out.

arousedrhino

sr. member

Activity: 347

Merit: 250

Quote from: Bargraphics on June 15, 2014, 12:41:36 AM

Quote from: arousedrhino on June 14, 2014, 10:53:09 PM

Well we all knew they were unregistered securities and then a shareholder complained to the MSD. Most if not all of us are unaccredited investors in the United States which is why the only way to sell shares to us is through unregistered securities. There are likely no profits yet and the only way for the company to attempt to stay afloat would be to pay the MSD fine and cooperate with them.

I hate the no books, no accounts, and no dividends but now that this investigation has started and become a full investigation we the shareholders are not going to get any information from Ken until its over. Really unfortunate I mean we were getting very little information as it went along but its now completely dark.

Maybe we could propose an audit, Ken seemed open to it a month or so ago, but now I bet his lawyer would advise against it given the MSD investigation.

It's no longer an investigation....

http://www.sos.mo.gov/securities/orders/

Quote

Order to Cease and Desist and Show Cause Why Restitution, Civil Penalties, and Costs Should Not Be Imposed

http://freepdfhosting.com/0d53fc3f43.pdf

Ken has been found guilty after an investigation and has been ordered a cease and desist. He now gets a chance to defend himself against all of the penalties and restitution.

Please don't sugar coat this as you may mislead "shareholders". If current "shareholders" want to stay in for whatever reason at least let them have all of the facts to do so.

There are ways to collect money from the public legally by filling out certain paperwork and getting approved, Ken tried to circumvent the system by registering in belize and making it appear that everything was kosher.

The biggest part of this that shareholders do not understand is there will never be "profit". When you lose 400+ coins on an exchange, get a "partial refund" on an NRE that doesn't produce anything, and then use all of the mining funds to pay back pre-orders that never materialized, you will always be "negative".

Bar,

1. How can you do that in the United States as is? There was the crowd funding law passed but that has not been implemented yet. I am genuinely curious because the only legal way I know of is through accredited investors even if we take away the whole Belize bs. If I wanted to crowd fund a startup today as a legal US company with shareholders how would I do that?

2. If the investigation is over why do you want people to continue to call them?

They made a ruling which is just part of the investigation. Depending on how Ken reacts and the opinions they receive from shareholders the MSD will likely continue to look into the company and Ken even further, they don't just make the ruling and walk away from it hence why I am of the opinion the investigation is not over yet.

Bargraphics

hero member

Activity: 518

Merit: 500

Every man is guilty of all the good he did not do.

Quote from: arousedrhino on June 14, 2014, 10:53:09 PM

Well we all knew they were unregistered securities and then a shareholder complained to the MSD. Most if not all of us are unaccredited investors in the United States which is why the only way to sell shares to us is through unregistered securities. There are likely no profits yet and the only way for the company to attempt to stay afloat would be to pay the MSD fine and cooperate with them.

I hate the no books, no accounts, and no dividends but now that this investigation has started and become a full investigation we the shareholders are not going to get any information from Ken until its over. Really unfortunate I mean we were getting very little information as it went along but its now completely dark.

Maybe we could propose an audit, Ken seemed open to it a month or so ago, but now I bet his lawyer would advise against it given the MSD investigation.

It's no longer an investigation....

http://www.sos.mo.gov/securities/orders/

Quote

Order to Cease and Desist and Show Cause Why Restitution, Civil Penalties, and Costs Should Not Be Imposed

http://freepdfhosting.com/0d53fc3f43.pdf

Ken has been found guilty after an investigation and has been ordered a cease and desist. He now gets a chance to defend himself against all of the penalties and restitution.

Please don't sugar coat this as you may mislead "shareholders". If current "shareholders" want to stay in for whatever reason at least let them have all of the facts to do so.

There are ways to collect money from the public legally by filling out certain paperwork and getting approved, Ken tried to circumvent the system by registering in belize and making it appear that everything was kosher.

The biggest part of this that shareholders do not understand is there will never be "profit". When you lose 400+ coins on an exchange, get a "partial refund" on an NRE that doesn't produce anything, and then use all of the mining funds to pay back pre-orders that never materialized, you will always be "negative".

arousedrhino

sr. member

Activity: 347

Merit: 250

Quote from: ThunderSheep on June 14, 2014, 09:35:23 PM

Quote from: kokoarm on June 14, 2014, 07:28:48 PM

No books, no accounts, no divs from Ken as promised. In fact he said the mining coins will go to the MSD and the rest will be used to fund company development.

That part has been bothering me. Does anyone else feel like using the proceeds of mining equates to the shareholders paying Ken's fine for having sold them unregistered securities?

Well we all knew they were unregistered securities and then a shareholder complained to the MSD. Most if not all of us are unaccredited investors in the United States which is why the only way to sell shares to us is through unregistered securities. There are likely no profits yet and the only way for the company to attempt to stay afloat would be to pay the MSD fine and cooperate with them.

I hate the no books, no accounts, and no dividends but now that this investigation has started and become a full investigation we the shareholders are not going to get any information from Ken until its over. Really unfortunate I mean we were getting very little information as it went along but its now completely dark.

Maybe we could propose an audit, Ken seemed open to it a month or so ago, but now I bet his lawyer would advise against it given the MSD investigation.

ThunderSheep

member

Activity: 88

Merit: 10

The sheep who walks through walls.

Quote from: kokoarm on June 14, 2014, 07:28:48 PM

No books, no accounts, no divs from Ken as promised. In fact he said the mining coins will go to the MSD and the rest will be used to fund company development.

That part has been bothering me. Does anyone else feel like using the proceeds of mining equates to the shareholders paying Ken's fine for having sold them unregistered securities?

kokoarm

newbie

Activity: 42

Merit: 0

Quote from: equipoise on June 14, 2014, 04:47:07 PM

Gold Rush is out of stock. Hopefully Ken have some more around.

They sat around for a month not selling then suddenly....poof, they are all gone! Out of stock why? Because he has sold them at retail price? Or because he has sold them at 50% of retail as he is desperate for money to pay fines? Or because he has sold them at a loss as he is desperate for cash? Because he has sold them at 10bucks a piece to his family or himself? Who knows? He won't tell the people who gave him his start up capital what is going on or even tell them anything. Not a single word of reassurance. That's because Ken is looking after number one now.

No books, no accounts, no divs from Ken as promised. In fact he said the mining coins will go to the MSD and the rest will be used to fund company development. So he said no divs for anyone. And how do you fund company development when you still have to pay reimbursement and pre-orders with the change?

Any miracle workers in the house?

Bargraphics

hero member

Activity: 518

Merit: 500

Every man is guilty of all the good he did not do.

Quote from: aquarius on June 14, 2014, 04:41:14 PM

Quote from: Bargraphics on June 14, 2014, 03:47:04 PM

Either way trading is still available so if anyone wants to dump their shares on CT they have that ability.

Or buy more, right?

(for someone to 'dump' someone else needs to buy)

Forgive me if I'm wrong but you seem awfully biased in you stated opinions.

I don't believe you are wrong, it's pretty clear that I believe this company is over and have stated so multiple times.

I believe everyone on here understands that in order to buy something it has to be sold or vice versa.

Any other questions?

_____________________________________________________________________________

MSD Info:

Shawn Hagerty
Investigator
Missouri Secretary of State, Securities Division
600 W. Main St., Box 1276
Jefferson City, MO 65102
573-526-3901
573-526-3124 (fax)
[email protected]

Wood Law Info:

http://www.woodlaw.com/cases/virtual-mining-corporation-and-active-mining-corporation
888-237-0999
1100 Main Street, Suite 1800, Kansas City, Missouri 64105
1736 E. Sunshine Street, Suite 209, Springfield, Missouri 65804

Topic: [ActiveMining] Official Shareholder Discussion Thread [Moderated] - page 55. (Read 629899 times)